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Promising awarded wheat supply worth ETB 1.56 bln

The Public Procurement and Property Disposal Service (PPPDS) awarded Promising International Trading Co. Dmcc – a major supplier of wheat to the Ethiopia market – to supply 200,000 metric tons of wheat with 1.56 billion birr even though the former accuses the Company for failing to fulfill previous contract to supply wheat, The Reporter has learnt.

ASFW set to attract multinationals

With multitudes of manufacturers and trade professionals ready to descend to the capital, the 4th African Sourcing and Fashion Week (ASFW) is set to start on Monday at the Millennium Hall.

Policy lender struggles with NPL

The Development Bank of Ethiopia (DBE), the mammoth state-owned development banker, has reported a marginal increase in its net profit as its nonperforming loans (NPLs) basket reaches a historical high of 40 percent, The Reporter has learnt.

Ethiopia likely to feel effects of global trade war

Launching the annual series of Trade and Development Report, an official with the United Nations Conference on Trade and Development (UNTCAD) underscored the likelihood of Ethiopia to feel the heavy hand of the ongoing global trade war initiated by the aggressive policies of US president Donald Trump against Chinese goods and exports.

Shopping online via social media

Be where your customers are. That is the most important rule in the world of commerce. But what if the customers are increasingly flowing from the physical world into the online world?  Will the traders follow them there? What happens to those who do not?

Noah gears-up for mortgage-backed housing market

Noah Real-estate, one of the leading builders in the capital, is set to introduce landmark mortgage-backed housing units to buyers, it was learnt. The company is to team-up with two local banks that will in return offer mortgage loans for homes extended to a period of twenty years paid through a monthly instalment payment system.

Wheat procurement incurs additional 115 mln birr cost

Months of delays and failure to finalize the national wheat purchase procedure in time have added up to 115 million birr in avoidable cost to the price of wheat which Public Procurement and Property Disposal Service (PPPDS) has planned to procure form the international market, The Reporter has learnt.

Agency shuts down Lemlem Food Complex

The Food, Medicine & Health Care Administration Agency (FMHCAA) has decided to shut down a food complex in Mekelle, the capital of the Tigray Regional State, on the grounds of producing and selling substandard pasta and macaroni products to consumers, The Reporter has learnt.